Thursday, June 25, 2009

BEST HOUSE IS A HOME

HOME , Baton Rouge LA 2008 from LAND'S END

All reproduction rights reserved Wm. Greiner

B.R. housing market named as one of nation's best*

More good news about the Baton Rouge housing market: A real estate forecasting service says the Capital Region is one of the 10 best cities in terms of future home prices. Local Market Monitor, which produces the Home Price Forecast for more than 300 cities, says home values should remain level locally over the next 12 months. Officials with Local Market Monitor credit the same factors for Baton Rouge's stability that have been repeatedly said during the national housing crisis: Home prices in the Capital Region never got out of hand, and economic growth has remained steady locally. Other cities with populations of more than 600,000 in the top 10 include Dallas, Houston and Rochester, N.Y. Alexandria, Monroe and Shreveport-Bossier City made the top 10 list for future home prices in cities with populations under 600,000. The worst housing markets were mostly cities in California, Florida, Arizona and Nevada, where price speculation got out of hand, places such as Las Vegas, Phoenix and Fort Lauderdale, Fla.